$8 and beyond, page-30

Probably,

Weakhands only if bought above $7.50 given the instos/funds bought at that price.

Now it is below $7.50 and so getting cheaper than what the instos/funds paid for.

Of course.. like any other shorts. Those shorts needs to cover eventually! - if someone dropped a nice 6 figure investment and buy all up to $7.50, then the shorts have no choice but to cover above that price, therefore pushing the price even higher.